New-Construction
1162 Fairway Dr., Lakeland, FL 33801
For Sale
Contact for pricing
An open-concept layout, contemporary finishes, and private entry shape the residential offering.
Property Size1,044 SF
Price / SF$1.59
Days on Market8
Property Features for 1162 Fairway Dr.
General Information
Standard status
Size
Property subtype
Amenities
Lot Size Acres: 0.07, Lot Size Square Feet: 3237
Asphalt Roof
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Has Central AC: 1
Hot Water Heating, Electric Heat Fuel
Kitchen
Laundry, Laundry Room
Rental, Sale Type: Foreclosure, Availability Date: 2026-11-01
2 Bedrooms
Residential Style: 2600, Building Style: Duplex, Built in 2025, 2 Rooms, Max People: 4
Above Area Square Feet: 1044, Smoking Not Allowed
One Full Bath
Water Source: Municipal
Dining Room
Living Room
Pets Allowed, Pet Notes: Pet Friendly
Construction Type: Masonry - Concrete Block
Oven, Refrigerator, Dishwasher, Microwave, Garbage Disposal, Hot Water Heater, Stainless Steel Appliances
Building Details
Year Built
Listing Agency:
Elite Realty Agency, LLC
Listed By:
Zoraya Colon
(407) 536-7854
Source:
Doyle-realty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Realty Agency, LLC
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex is described with an open-concept layout, modern kitchen appliances, and private entry. The listing identifies a 2-bedroom, 1-bathroom unit with a spacious living area and well-sized bedrooms. The property size is 1,044 square feet.
Key Highlights
- Duplex built in 2025
- 1,044 square feet
- Described unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,889
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,780
$197.8K
Cap Rate 7%
$141,271
$141.3K
Cap Rate 9%
$109,878
$109.9K
Market Conditions
NOI Build-Up for 1,044 SF
Gross rent
$19.2K $18.36/SF
− Vacancy
−$1.2K −$1.14/SF
EGI
$18.0K $17.22/SF
− OpEx
−$8.1K −$7.75/SF
NOI
$9.9K $9.47/SF
Area
Lakeland, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,780
Cap Rate 7%
$141,271
Cap Rate 9%
$109,878
Alternative Uses
Best Use
Apartment 5plus
$141.3K
$123.6K – $164.8K
NOI $9,889 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.9K
$219.5K – $292.7K
NOI $17,562 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
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Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lakeland, FL
Properties on Market for Multifamily properties in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - An open-concept layout, contemporary finishes, and private entry shape the residential offering.
Where is this multifamily property located?
The property is located at 1162 Fairway Dr. Lakeland, FL.
What are key features of this property?
This property features: Duplex built in 2025; 1,044 square feet; Described unit has 2 bedrooms and 1 bathroom
